Friday, May 05, 2006

Debunking One of the Worst Ideas in Economics: The Naked Economist - Yahoo! Finance

Debunking One of the Worst Ideas in Economics: The Naked Economist - Yahoo! Finance
And this is one more reason to show that the GOP and its desire to cut taxes is crazy. Certainly if taxes were very very high, THEN there would be a good reason to cut them to increase economic growth and then produce more revenue...however, we can see that taxes, as unpleasant as they may be, are not in reality so high. So why not just leave taxes as they are, perhaps raise them a few points and get rid of this awful debt which is pushing the U.S. dollar continually down.
If you think a weak dollar is good for the economy, boy are you wrong. I'd rather have high taxes and a strong dollar than getting to keep my money, but having it worth diddly squat. And hey, this is all from someone who loves to invest and make money.
TtoT

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